M&A Deal Summary

ONCAP Management Partners Acquires Tecta America

On August 12, 2016, private equity firm ONCAP Management Partners acquired construction company Tecta America from Oaktree Capital Management for 280M USD

Acquisition Highlights
  • This is ONCAP Management Partners’ 1st transaction in the Construction sector.
  • This is ONCAP Management Partners’ largest (disclosed) transaction.
  • This is ONCAP Management Partners’ 9th transaction in the United States.
  • This is ONCAP Management Partners’ 1st transaction in Illinois.
Investment Fate
  • Tecta America was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2016-08-12
Target Tecta America
Sector Construction
Buyer(s) ONCAP Management Partners
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout
Deal Value 280M USD

Target

Tecta America

Rosemont, Illinois, United States
Tecta America is a provider of commercial roofing services offering installation, replacement, and repair services. It services both local and national accounts across a spectrum of industries and end-markets including industrial, retail / office, non-government institutional, government, multi-family and other. Tecta America was founded in 2000 and is based in Rosemont, Illinois.

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Buyer(S) 1

Buyer

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.


DEAL STATS #
Overall 21 of 34
Sector (Construction) 1 of 1
Type (Secondary Buyout) 6 of 10
State (Illinois) 1 of 2
Country (United States) 9 of 19
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Chatters Canada

Red Deer County, Alberta, Canada

Chatters Canada is a retailer of professional hair care products and one of the largest hair salon operators. Chatters Canada was founded in 1990 and is based in Red Deer County, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 CiCi s Pizza

Coppel, Texas, United States

CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas.

Sell -

Seller(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 49 of 77
Sector (Construction) 2 of 4
Type (Secondary Buyout) 11 of 23
State (Illinois) 1 of 1
Country (United States) 37 of 53
Year (2016) 5 of 5
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 AdvancePierre Foods

Cincinnati, Ohio, United States

AdvancePierre Foods, Inc. is a manufacturer and marketer of value-added proteins and sandwich products to a wide variety of distribution outlets including food service, retail and convenience store providers. AdvancePierre Foods was founded in 1946 and is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 SunOpta

Eden Prairie, Minnesota, United States

SunOpta is the largest soy processing company in North America, supplying branded product manufacturers such as Hain Celestial (West Soy) and Dean Foods (Silk). The Company also sells other organic, non-genetically modified soy, oat and corn ingredients to food manufacturers. In addition, SunOpta is the largest distributor of organic groceries in Canada. SunOpta?s other holdings include an environmental services company involved in cleaning bridges, ships and other surfaces; and a steam explosion technology division dedicated to exploiting a proprietary technology for extracting pulp in an environmentally friendly manner from straw and other natural products. SunOpta was founded in 1973 and is based in Eden Prairie, Minnesota.

Buy -